Mastering QuickBooks 2016 Made Easy Training Tutorial
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Mastering QuickBooks 2016 Made Easy Training Tutorial

Learn QuickBooks from the Pros
4.1 (44 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
240 students enrolled
Created by TeachUcomp, Inc.
Last updated 1/2016
English
Current price: $12 Original price: $20 Discount: 40% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 7 hours on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I Learn?
  • Set up a QuickBooks Company File
  • Use QuickBooks Lists
  • Setup Sales Tax
  • Perform Inventory Functions
  • Processing Payments
  • Use Bank Accounts
  • Customize Forms
  • Estimating
  • Time Tracking
  • Manage Assets and Liabilities
  • Process Payroll
View Curriculum
Requirements
  • Basic knowledge of Windows and Accounting
Description

Learn QuickBooks Pro 2016 accounting software with this comprehensive course from TeachUcomp, Inc. Mastering QuickBooks Made Easy features 184 video lessons with over 9 hours of introductory through advanced instruction. Watch, listen and learn as your expert instructor guides you through each lesson step-by-step. During this media-rich learning experience, you will see each function performed just as if your instructor were there with you. Reinforce your learning with the text of our two printable classroom instruction manuals (Introductory and Advanced), additional images and practice exercises. You will learn how to set up a QuickBooks company file, pay employees and vendors, create custom reports, reconcile your accounts, use estimating, time tracking and much more. Whether you are completely new to QuickBooks or upgrading from an older version, this course will empower you with the knowledge and skills necessary to be a proficient user. We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch the easy-to-use interface, click to start a video lesson or open one of the manuals and you are on your way to mastering QuickBooks.

Who is the target audience?
  • Small Business Owners/Operators
  • Accountants
  • Bookkeepers
Compare to Other QuickBooks Courses
Curriculum For This Course
188 Lectures
11:39:13
+
Course Introduction
1 Lecture 06:49

This lecture provides a brief summary of the topics covered throughout the course and offers suggestions for further reading and learning materials.

Preview 06:49
+
The QuickBooks Environment
9 Lectures 23:33

QuickBooks Pro displays the “Home” window when you open a company file. In QuickBooks 2016, the Home window contains two tabs: “Home Page” and “Insights.” You can switch between the content of the two tabs by clicking their names shown on the tabs in the upper-left corner of the page. The Home window is shown by default whenever you open a new company file, but you can close it by clicking the small “X” in the upper right corner of the window. Learn this and more during this lecture.

Preview 06:49

In QuickBooks you have access to four main “Centers” called the “Customer Center,” the “Vendor Center,” the “Employee/Payroll Center,” and the “Report Center.” These centers allow you to perform many tasks associated with the topic of each center. Learn this and more during this lecture.

The Centers
01:18

QuickBooks contains a Menu Bar at the top of the application window that lets you access all its commands and features. To perform a command, click a Menu Bar command category, like “File,” “Edit,” or “Lists,” to display a drop-down menu of sub-commands within the selected command category. Learn this and more during this lecture.

The Menu Bar and Keyboard Shortcuts
02:29

In QuickBooks, you enter information and perform tasks within many different windows. Unless you close the windows after using them, they remain open for ease of access. You can view a listing of the opened windows within QuickBooks to quickly switch between opened windows. This listing is called the “Open Windows” list. This feature allows you to quickly switch between opened windows without having to open and close them repeatedly while working. Learn this and more during this lecture.

The Open Window List
01:26

Another tool that helps you complete the most common tasks in QuickBooks is the Icon Bar. The Icon Bar is located at the left side of the QuickBooks window by default. However, you can also place it at the top of the window, if you prefer. Note that changing its placement does impact some of its functionality in QuickBooks. The Icon Bar can also be hidden, if preferred. Learn this and more during this lecture.

The Icon Bar
01:57

You can customize the Icon Bar by adding and removing buttons. To do this, select “View| Customize Icon Bar…” from the Menu Bar to open the “Customize Icon Bar” window. All your current button choices are shown in the left window pane. Learn this and more during this lecture.
Customizing the Icon Bar
02:30

Although you do not have to be fluent in accounting terminology to understand QuickBooks, it is necessary to have a basic understanding of some accounting concepts prior to entering information into the program. The first concept to discuss is the “Chart of Accounts.” A chart of accounts is a listing of all the accounts used within your company file. Learn this and more during this lecture.
The Chart of Accounts
04:00

Once you begin your business, you need to decide which bookkeeping method to use- “Cash” or “Accrual.” This will determine the method used to report income and expenses on your tax forms. Please check with your accountant, tax advisor, or the IRS, before choosing a bookkeeping method for tax purposes. Learn this and more during this lecture.

Accounting Methods
01:10

You also need to know how to measure your company’s profitability. Two very important reports that assist you in figuring this out are the Balance Sheet and the Profit and Loss Statement (also called an Income Statement). These are most often the reports that will be requested by banks and CPAs. Learn this and more during this lecture.

Financial Reports
01:54
+
Creating a QuickBooks Company
9 Lectures 29:08
You can use the Express Start feature to create a new company file. This feature simplifies and segments the steps in the EasyStep Interview into more manageable sections, so you can get started with QuickBooks more quickly. When you first open QuickBooks, the option to create a company file using the Express Start feature is displayed in the “QuickBooks Setup” screen. Learn this and more during this lecture.
Using Express Start in QuickBooks 2016
04:44

In QuickBooks, you can also use the EasyStep Interview to create a company file. You complete the EasyStep Interview by entering information into different screens shown within the Interview. After entering information into a screen, you click the “Next >” button to proceed to the next screen and repeat the process. After answering all questions within all screens, you can click the “Go To Setup” button to start using QuickBooks. Learn this and more during this lecture.

Using the EasyStep Interview
09:47

You can leave the EasyStep Interview at any point after you have saved the company file by clicking the “Leave…” button in the lower left corner of the EasyStep Interview. When you return at a later point to continue filling out the EasyStep Interview (which can be a lengthy process), just opening the company file will automatically return you to the point at which you left off in the EasyStep Interview. Learn this and more during this lecture.

Returning to the EasyStep Interview
00:40

You should always backup your data to prevent data loss. You must be in single-user mode to do this. QuickBooks recommends you backup your files daily. That way, if the data in your company file becomes corrupted or lost, you can restore a copy of the file from a backup. Learn this and more during this lecture.
Creating a Local Backup Copy
04:01

If you corrupt your company’s data file and need to restore the data from a local backup copy, you can- as long as you created local backup copies. You must, however, be in single-user mode to do this. When you restore your company file, you overwrite your corrupted company data with the data that you saved when you created the local backup copy. Learn this and more during this lecture.

Restoring a Company File from a Local Backup Copy
03:30

QuickBooks lets you create user accounts and passwords for the individuals that will access your company file. You can decide which types of activities users can perform and what areas of the application they can access. You can set up users by selecting “Company| Set Up Users and Passwords| Set Up Users…” from the Menu Bar. That will open the “User List” dialog box. Learn this and more during this lecture.

Setting Up Users
04:19

Some activities, like creating a backup file or restoring a company file, require that you open QuickBooks in single-user mode. You must make sure all other users of the application are logged off before you switch user modes. Learn this and more during this lecture.

Single and Multiple User Modes
01:11

To close your company file, select “File| Close Company” from the Menu Bar. Learn this and more during this lecture.
Closing Company Files
00:11

To open a company file in QuickBooks, you can select “File| Open or Restore Company…” from the Menu Bar. Alternately, if the “No Company Open” dialog box is showing onscreen, you can click the “Open or restore an existing company” button to launch the same dialog box. Learn this and more during this lecture.

Opening a Company File
00:45
+
Using Lists
11 Lectures 44:50

In QuickBooks, you store much of the information for your company file in lists. In QuickBooks you keep lists for all of your vendors, customers, inventory items, and accounts. They are there so you will not need to retype information you use frequently every time you want to place it into a form. Learn this and more during this lecture.

Using Lists
01:04

One of the most important lists in QuickBooks is the chart of accounts. You can open this list by selecting “Lists| Chart of Accounts” from the Menu Bar. The chart of accounts lists all the accounts within your company file. These accounts track all incoming and outgoing money, and tell you how much you currently own and owe. Learn this and more during this lecture.
The Chart of Accounts
07:41

You can perform all activities associated with your customers through the Customer Center. While there are many features available in the Customer Center, one of the most important parts of it is the “Customers & Jobs” list. This list is where you can add, edit, and display all of your customer’s information as well as information for any jobs that you create for each customer, if you use the “Jobs” features in QuickBooks. Learn this and more during this lecture.
The Customers & Jobs List
10:27

If you are using QuickBooks to handle payroll and indicated that you have employees during the EasyStep Interview, you can later setup payroll for your company file and then enter employees into the Employees tab in the Employee Center. The Employee Center allows you to handle all transactions that involve your employees and payroll. Learn this and more during this lecture.

The Employees List
06:54

You keep information about the companies and people from whom you purchase goods or services in the Vendors tab within the Vendor Center. In QuickBooks, you keep parts supply vendors, utility companies, subcontractors and more within this list. Learn this and more during this lecture.
The Vendors List
06:46

You can add your own customized fields to the “Customers & Jobs,” “Vendors,” “Employees,” and “Item” lists in QuickBooks. This allows you to create fields that will appear for each record in a list and lets you track information specific to your particular business. Learn this and more during this lecture.
Using Custom Fields
04:19

You can sort information in QuickBooks lists manually or automatically. To manually sort items within a list, click and drag the small diamond at the left side of any list entry and drop it into a new location within the list. However, it is important to note you cannot manually arrange list items when automatic sorting is applied to a list. Learn this and more during this lecture.

Sorting Lists
02:25

In QuickBooks lists, you can only delete list items if you have not used them in any transactions. If you try to delete a list item that has been used in a transaction, QuickBooks will warn you that the item cannot be deleted. If you don’t want to use a list item but you can’t delete it, you can make it inactive, instead, to hide its display by default within the list. Learn this and more during this lecture.

Inactivating and Reactivating List Items
01:25

To print a list, open the list to print and click the button in the lower left corner of the list. From the pop-up menu that appears, select “Print List.” If, however, you are trying to print either the “Customers & Jobs,” “Vendors,” or “Employees” lists, then instead click the “Print” button at the top of the respective Center, and choose the name of the list from the drop-down that appears. Learn this and more during this lecture.

Printing Lists
00:38

Although there is no specific “Rename” command within the QuickBooks lists, to rename a list item you simply open the “Edit [list item]” window for the selected item from the desired list. Then type a new name for the entry into the “Name” field at the very top of the window, and the entry will adopt the new name after you click the “OK” or “Save & Close” buttons to save your changes. Learn this and more during this lecture.

Renaming and Merging List Items
00:54

A feature that can improve the speed of company file creation is the ability to copy and paste data into lists within QuickBooks from Microsoft Excel. You can copy and paste data from an Excel worksheet into the “Customers,” “Vendors,” “Service Items,” “Inventory Part,” and “Non-inventory Part” lists.

Learn this and more during this lecture.
Adding Multiple List Entries from Excel
02:17
+
Setting Up Sales Tax
6 Lectures 11:41

Collecting and paying sales tax can be complicated for some companies. For example, a company may have to collect and pay more than one sales tax. Many companies have a mix of taxable and non-taxable products and services to sell, and many also have some customers that are taxable while other customers are not. Learn this and more during this lecture.

The Sales Tax Process
02:53

The first thing to do when setting up QuickBooks to collect sales tax is create the agencies for whom you collect sales taxes, and to whom you pay the sales taxes collected, as vendors within the Vendors List. This allows you to remit checks for the sales taxes collected to the selected vendors within QuickBooks when the time comes for you to pay sales tax. Learn this and more during this lecture.

Creating Tax Agencies
00:58

After creating the vendor records to indicate the agencies for whom you are collecting sales taxes, you then create the actual sales tax rates within the QuickBooks Item List. You can open the Item List by selecting “Lists| Item List” from the Menu Bar. Learn this and more during this lecture.

Creating Individual Sales Tax Items
02:20

If you have to collect a combination of sales taxes that you report separately, like a county sales tax and a city sales tax, you don’t want to possibly confuse customers by itemizing the individual sales taxes you collect as separate line items within your sales forms. Many customers may mistakenly assume they are being taxed twice. Learn this and more during this lecture.

Creating a Sales Tax Group
02:10

You should inspect your sales tax preferences within QuickBooks before you begin collecting sales taxes through your sales forms, in case you need to modify any of the default settings. To do this, select “Edit| Preferences…” from the Menu Bar to open the “Preferences” dialog box. In the scroll box at the left side of this screen, click the “Sales Tax” icon and then click the “Company Preferences” tab that appears to the right to set your company defaults for sales tax. Learn this and more during this lecture.

Setting Sales Tax Preferences
01:49

To collect sales taxes in QuickBooks, you must indicate who and what gets taxed within your company file. So, in the Customer:Job list, enter which customers are taxable and non-taxable on the “Sales Tax Settings” tab within the “New Customer” or “Edit Customer” windows. On this tab, select the default tax code for the customer from the “Tax Code” drop-down by choosing either “Tax” for taxable customers or “Non” for non-taxable customers. Learn this and more during this lecture.

Indicating Taxable & Non-taxable Customers & Items
01:31
+
Setting Up Inventory Items
7 Lectures 15:53
For many companies, inventory is enabled if you create your company file using the “EasyStep Interview.” However, if you did not enable inventory when you created your company file, you can enable it at a later point in time. You can enable inventory within your company file and view the default inventory preferences, by selecting “Edit| Preferences…” from the Menu Bar. Learn this and more during this lecture.
Setting Up Inventory
01:51

You can set up “Inventory Part” items within the Item List to create items for which you want to track the quantity and value in QuickBooks. You cannot show inventory value for a manufacturing company, or where the inventory value is changed as it goes through a process, as it is simply too complex for QuickBooks to compute. Learn this and more during this lecture.

Creating Inventory Items
03:24

After entering inventory parts into the Item list, you need to order the items to keep your inventory parts stocked. While QuickBooks doesn’t require you to use purchase orders, it is recommended. If you use purchase orders, you can see what items you have ordered and when they are due to be received. Learn this and more during this lecture.

Creating a Purchase Order
02:44

After creating and submitting a purchase order to a vendor, you will either receive the inventory parts you ordered along with a bill for those parts, or you will receive the inventory ordered while the bill for the inventory arrives separately. In QuickBooks, you must receive the inventory ordered to sell the inventory. Learn this and more during this lecture.

Receiving Items with a Bill
02:32

When you receive inventory items from a purchase order, you have to enter the items into inventory to sell them within your sales forms. Sometimes you receive these items without a corresponding bill. In this case, you create an item receipt that you can later match to the vendor bill when it finally arrives. Learn this and more during this lecture.

Entering Item Receipts
02:09

When the vendor bill for items already received finally arrives, you must match the vendor bill to the item receipt that was created for those items when you received them. To do this, select “Vendors| Enter Bill for Received Items” from the Menu Bar to open the “Select Item Receipt” window. Learn this and more during this lecture.

Matching Bills to Item Receipts
01:37

When you have loss, spoilage, or send out samples of your products, you need to manually adjust your inventory levels. QuickBooks allows you to do this in the “Adjust Quantity/Value on Hand” window. To view this window, select “Vendors| Inventory Activities| Adjust Quantity/Value on Hand” from the Menu Bar. Learn this and more during this lecture.

Adjusting Inventory
01:36
+
Setting Up Other Items
8 Lectures 14:02

You can set up “Service” items in the Item List for services you provide. This helps you avoid repeatedly typing line item information into sales forms. Like all items, you create “Service” items by first opening the “Item List.” To create a new “Service” item, click the “Item” button in the lower left corner of the list window and select the “New” command. In the “New Item” window, select “Service” from the “Type” drop-down. Learn this and more during this lecture.

Service Items
01:52

You can create “Non-inventory Parts” in the Item List for items that are bought and/or sold, but not tracked as “inventory parts.” QuickBooks tracks neither the quantity on hand nor the value of “non-inventory part” items. Learn this and more during this lecture.

Non-Inventory Items
01:56

You can set up “Other Charge” items within the Item List. An “Other Charge” item can be used to collect amounts for things such as freight charges or photocopying charges in a sales form. You could also use it to collect membership dues or assess some other type of miscellaneous fee in a sales form. Learn this and more during this lecture.

Other Charges
01:45

You can set up “Subtotal” items in the Item List. A subtotal will total all the items within an invoice or sales receipt up to the last subtotal entered, if one was entered. This is useful for totaling all of the previous line items within an invoice before applying a discount to the subtotal amount. Learn this and more during this lecture.

Subtotals
00:48

You can create “Groups” in the Item List for items you may purchase individually, but want to display as a single line item in a sales form. Learn this and more during this lecture.
Groups
02:03

You can create “Discount” items in the Item List to discount the line item that was entered immediately above the “Discount” line item within a sales form. If you create a discount and use it in an invoice, it applies the discount to the line item amount directly above it- but not to any other line items previously entered. Learn this and more during this lecture.

Discounts
01:59

You can create “Payments” in the Item List to subtract the amount of a customer payment from the total amount shown in an invoice when creating an invoice. You need a payment item when you receive a partial payment you need to apply to an invoice at, or before, the time you create the invoice. Note that this is not what is used when receiving full payment at the time of sale. In that case, you simply fill out a “Sales Receipt.” Learn this and more during this lecture.

Payments
01:43

While you can always edit an item’s price in the Item List by opening the “Edit Item” window and directly changing the price in that window, you can also change the price of multiple items in the Item List simultaneously. To do that, select “Customers| Change Item Prices” from the Menu Bar to open the “Change Item Prices” window. Learn this and more during this lecture.

Changing Item Prices
01:56
+
Basic Sales
7 Lectures 13:47
When you sell anything for your company, you have to fill out one of the sales forms in QuickBooks. The sales form you use depends on whether you expect payment in the future or at the time of the sale. Learn this and more during this lecture.
Selecting a Sales Form
00:53

When a customer agrees to make a purchase for which payment will be made at a later point in time, you enter the sale into an invoice. The invoice lists the customer’s information, along with an itemized list of how much that customer owes for the goods or services purchased. Learn this and more during this lecture.

Creating an Invoice
02:41

You can also easily create batch invoices to give multiple, selected customers an invoice for the same products or services. Before you create batch invoices, however, you should be sure you have the customer’s information recorded correctly within the “Customers & Jobs” list in the Customer Center. Learn this and more during this lecture.

Creating Batch Invoices
05:44

If taking payment from the customer at the time of sale for a purchase they have made, you enter the transaction into a sales receipt. You can create a sales receipt by selecting “Customers| Enter Sales Receipts” from the Menu Bar. Learn this and more during this lecture.
Creating a Sales Receipt
02:33

To find any transaction form at a later point in time, you can use the “Find” feature of QuickBooks to locate it. To find an invoice, or any other type of transaction, open the associated form for which you want to search. Using the example of finding an invoice, you would open the “Create Invoices” window. Learn this and more during this lecture.

Finding Transaction Forms
01:18

To see how the currently opened sales form will look when printed, click the drop-down arrow below the “Print” button in the “Main” tab of the Ribbon at the top of the sales form and select the “Preview” command from the drop-down menu to show the print preview of the sales form. Learn this and more during this lecture.

Previewing Sales Forms
00:16

To print invoices or sales receipts, open the form that contains the information you want to print and click the “Print” button in the “Main” tab of the Ribbon at the top of the invoice to open the “Print” dialog box, where you can set the printing parameters. Learn this and more during this lecture.

Printing Sales Forms
00:22
+
Using Price Levels
1 Lecture 03:40

Sometimes businesses want to vary an item’s price when selling the item to different customer types. For instance, you may charge different rates to residential customers versus commercial customers. You can associate price levels with specific customers so each time you create a sales form for that customer, QuickBooks will use the appropriate price level when calculating rates and amounts for line items within sales forms for the selected customer. Learn this and more during this lecture.

Using Price Levels
03:40
+
Creating Billing Statements
3 Lectures 06:13

You can set the default preferences for finance charges assessed in customer statements within the “Preferences” window in QuickBooks. To do this, select “Edit| Preferences…” from the Menu Bar to open the “Preferences” window where you can set the default behaviors of the currently opened company file. Learn this and more during this lecture.

Setting Finance Charge Defaults
01:46

Entering statement charges is the first step in preparing billing statements for customers. This can be an effective way to collect customer charges over a period of time for certain types of businesses that do not need to send out an invoice for each charge assessed to a customer. With statement charges, you simply enter the charges directly into each customer’s “accounts receivable” register as they are accrued. Learn this and more during this lecture.

Entering Statement Charges
01:07

A QuickBooks statement prints information already recorded by statement charges and other receivables transactions. Therefore, you can’t edit the statement’s information directly within the statement window. A typical statement covers a time period and shows the customer’s previous balance, new charges, payments or credits you’ve received and applied to the account, and the new balance for the customer during the period specified. Learn this and more during this lecture.
Applying Finance Charges and Creating Statements
03:20
21 More Sections
About the Instructor
TeachUcomp, Inc.
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Quality Software Training

Founded in 2001, TeachUcomp, Inc. began as a licensed software training center in Holt, Michigan - providing instructor-led, classroom-style instruction in over 85 different classes, including Microsoft Office, QuickBooks, Peachtree and web design, teaching staff at organizations such as the American Red Cross, Public School Systems and the Small Business Association.

At TeachUcomp, Inc., we realize that small business software can be confusing, to say the least. However, finding quality training can be a challenge. TeachUcomp, Inc. has changed all that. As the industry leader in training small business software, TeachUcomp, Inc. has revolutionized computer training and will teach you the skills to become a powerful and proficient user.

In 2002, responding to the demand for high-quality training materials that provide more flexibility than classroom training, TeachUcomp, Inc. launched our first product - Mastering QuickBooks Made Easy. The enormous success of our first tutorial led to an ever-expanding product line. TeachUcomp, Inc. now proudly serves customers in over 80 different countries world-wide including individuals, small businesses, non-profits and many others. Clients include the Transportation Security Administration, NASA, Smithsonian Institution, University of Michigan, Merrill Lynch, Sprint, U.S. Army, Oracle Corporation, Hewlett-Packard and the U.S. Senate.

Our full-time staff of software training professionals have developed a product line that is the perfect solution for busy individuals. Our comprehensive tutorials cover all of the same material as our classroom trainings. Broken into individual lessons, you can target your training to meet your needs - choosing just the lessons you want (and having the option to watch them all if you like). Our tutorials are also incredibly easy to use.

You will listen and watch as our expert instructors walk you through each lesson step-by-step. Our tutorials also feature the same instruction manuals (in PDF) that our classroom students receive - and include practice exercises and keyboard shortcuts. You will see each function performed just as if the instructor were at your computer. After the lesson has finished, you then "toggle" into the application and practice what you've learned - making it the most effective interactive training solution to learn on your own.